Financing small business ventures have always been a challenge for small business owners. Those challenged particularly are African American entrepreneurs, who are continuously challenged by inconsistent incomes and less than perfect credit.

According to an analysis by the Wall Street Journal, the total volume of loans black-owned small businesses received before the recession is 8.2 percent of all loan money from the Small Business Administration (SBA). That figure declined since that time to 1.7 percent. Other groups have fared much better. For instance, Hispanic businesses are getting 4.7 percent of total loan volume. According to the same source, about 7 percent of American business owners are black compared to 10 percent for Hispanics. What these entrepreneurs have had to do is find alternative sources of working capital. One such company is PayPal Working Capital (PPWC).

PayPal CEO Dan Schulman announced that PPWC has provided more than $1 Billion in funding in the US, UK, and Australia. They have assisted more than 60,000 small businesses owners. Schulman also said, “since late 2013 we’ve been providing access to working capital to small businesses through PayPal Working Capital. PayPal is now lending $100 million per month to businesses.”

Full article here: